NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC raised its position in NVIDIA Co. (NASDAQ:NVDAFree Report) by 68.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,471 shares of the computer hardware maker’s stock after purchasing an additional 597 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in NVIDIA were worth $729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NVDA. Peoples Financial Services CORP. acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Your Advocates Ltd. LLP acquired a new stake in shares of NVIDIA in the third quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of NVIDIA in the first quarter valued at approximately $34,000. Compass Wealth Management LLC acquired a new position in shares of NVIDIA during the fourth quarter valued at approximately $39,000. Finally, Trivant Custom Portfolio Group LLC increased its stake in shares of NVIDIA by 44.1% during the third quarter. Trivant Custom Portfolio Group LLC now owns 98 shares of the computer hardware maker’s stock valued at $43,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

Analyst Upgrades and Downgrades

NVDA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of NVIDIA from $720.00 to $850.00 and gave the company a “hold” rating in a research note on Wednesday, March 20th. Loop Capital initiated coverage on shares of NVIDIA in a research note on Friday, February 16th. They set a “buy” rating and a $1,200.00 price objective on the stock. Citigroup raised their price objective on shares of NVIDIA from $820.00 to $1,030.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. HSBC raised their price objective on shares of NVIDIA from $880.00 to $1,050.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, CICC Research started coverage on shares of NVIDIA in a research note on Wednesday, March 6th. They set an “outperform” rating and a $870.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NVIDIA currently has a consensus rating of “Moderate Buy” and an average target price of $908.68.

View Our Latest Stock Report on NVDA

NVIDIA Trading Down 0.5 %

Shares of NASDAQ:NVDA opened at $889.64 on Thursday. The firm has a fifty day moving average of $790.68 and a two-hundred day moving average of $585.28. The firm has a market capitalization of $2.22 trillion, a P/E ratio of 74.51, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. NVIDIA Co. has a 12-month low of $262.20 and a 12-month high of $974.00. The company has a quick ratio of 3.67, a current ratio of 4.17 and a debt-to-equity ratio of 0.20.

NVIDIA (NASDAQ:NVDAGet Free Report) last issued its earnings results on Wednesday, February 21st. The computer hardware maker reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $0.95. The company had revenue of $22.10 billion during the quarter, compared to analyst estimates of $20.40 billion. NVIDIA had a net margin of 48.85% and a return on equity of 93.61%. The company’s revenue for the quarter was up 265.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts expect that NVIDIA Co. will post 22.45 EPS for the current fiscal year.

NVIDIA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.02%. The ex-dividend date was Tuesday, March 5th. NVIDIA’s dividend payout ratio (DPR) is currently 1.34%.

Insider Activity

In other news, Director Mark A. Stevens sold 11,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the transaction, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark A. Stevens sold 11,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $905.65, for a total transaction of $9,962,150.00. Following the transaction, the director now owns 1,074,833 shares in the company, valued at approximately $973,422,506.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Stevens sold 36,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $546.95, for a total transaction of $19,690,200.00. Following the transaction, the director now owns 1,134,583 shares in the company, valued at approximately $620,560,171.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,352 shares of company stock worth $74,815,227. 3.99% of the stock is owned by corporate insiders.

NVIDIA Company Profile

(Free Report)

NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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Institutional Ownership by Quarter for NVIDIA (NASDAQ:NVDA)

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